FreshForex broker

[Volkov Yuriy]

Spotlight on the Fed reserve meeting

Review of the past week

 

 

The past week on the Forex market was not very notable in terms of macroeconomic statistics. According to the week's results, united European currency managed to consolidate its positions a little, despite weak European stats. Industrial output decreased by 1.1% over the month, which is the lowest value from October, 2012 and indicates problems of the European manufacturing. On Thursday, 12th, in the US report on retails was published. The volume of retail grew by 0.7% which says about good paces of growth, because consumer expenses play a very important role in the US GDP. Though USD consolidation against its main competitor was moderate and trading week was closed by it on the point of 1.3741.

 

 

In the beginning of the past week, GBP/USD quatations have been moderately growing. On Monday 9, BoE Governor Mark Carney stated that British economy allows optimistic estimations and now it is difficult to find the reason of deteriorating of a potential upsurge in the economy. Such positive comments encouraged British currency to set a fresh year high at the point of 1.6464. However the fuel for growth expired at this point and bears entered the game. British economy provided a mixed news background: manufacture grew for 0.4%, whereas visible trade balance sheet was rather worse than the medium line of forecasts. Strong retails stats from the USA poured oil on the fire as well as the positive dynamics of Eur/Gbp.

 

 

Trading week was closed by Gbp/Usd pair below 63 figure, at the point of 1.6295. Japan provided negative macroeconomic stats. Total GDP estimation for the 3rd quarter showed reduce by 0.5%. Also it is necessary to underline weak data on business index for big manufacturers BSI, which demonstrated drop in 5.5 points against the previous quarter. In case of further deterioration, one can expect additional softening of monetary policy by Japan that will instigate one more wave of Usd/Jpy growth. Further to publication of a strong report on the US retail, USD/JPY quotes went up and established a fresh year high at the point of 103.91. After that, bulls decided to fix profit and trading week was closed by the pair at the point of 103.24.

 

 

Forecast for the week December 16 – 20

[Volkov Yuriy]

Company work schedule during the holidays

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Dear clients!

Please be informed about changes in the work schedule of "FreshForex" company's during the holidays.

Changes in the trade schedule:

• 04.12.2013 (Tuesday) - early closing of trade at 8:00 p.m. EET *.

• 25.12.2013 (Wednesday) - trade is closed.

• 26.12.2013 (Thursday) - trade starts at 01:00 EET. CFD on futures - trade is closed.

• 31.12.2013 (Tuesday) - early closing at 4:00 p.m. EET

• 01.01.2014 (Wednesday) - trade is closed.

• 02.01.2014 (Thursday) - the beginning of trading at 01:00 a.m. EET. CFD on futures - opening at 2:00 EET p.m.

* EET - Eastern European Time corresponding to GMT +2 in winter and GMT +3 in summer (time of the company's trading company server).

We remind you that due to low liquidity and high volatility of the market during the holidays, opening of positions incurs an increased risk, so please keep your margin above 200% and protect your positions with Stop orders.

Also, from 24 December 2013 to 3 January 2014, the company's trading conditions may be altered according to regulatory documents of the company (increase of spread, increase of order setting levels, restrictions for trading with certain instruments etc.).

Schedule of customer support service and finance department:

December 31, a short working day - 3:00 a.m. to 10:00 a.m. GMT.

1, 2, 4, 5, 7 of January are the weekends.

3 and 6 of January are short working days - from 8:00 a.m. to 12:00 noon GMT. Please note that from 1 through 8 of January 2014, money transfer can only be made by electronic payment system.

From January 8, the company will work in a regular mode. If you have a question, please contact Customer Support Service or your personal manager.

«Freshforex» company wishes you Happy New Year and Merry Cristmas! May joy and success attend you in the New Year!

[Volkov Yuriy]

Currency market is off-side

Review of the past week

 

 

The past week on the Forex market was very interesting in terms of events. On Wednesday's evening, Fed Reserve declared about start of seizure of QE3 stimulative program. Chief of the US regulator Ben Bernanke stated on the press-conference that indices of the labor market and GDP are rather optimistic, whereas inflation is scarcely amendable to control, FRS will closely watch this figure. It was also stated that on its next meeting in Jan 2014 the Federal Open Money Committee will consider the issue about tapering of its buying program.

 

 

This step taken by FRS was reflected by major currency pairs by moving into both sides, further to which US currency consolidated. Leading stock exchanges responded to this statement by growth of their quotations. This rally encourages bulls a lot when it came to Usd/Jpy pair and a new year high was reached.

 

 

British stats continues to encourage investors. This time market participants received a positive report on unemployment level, which reduced by 0.2% down to the level of 7.4%. In contrast to euro, the pound finished the week with a slight growth.

 

 

On the last trading day of the past week, Japanese CB's meeting took place. As it was expected by market participants, the volume of bond buying remained as it used to be. Regulator declared that it is ready to adjust its monetary policy whenever necessary. And one can expect that this necessity can arise in 2014, which will lead to further weakening of the Japanese currency.

 

 

Forecast for the week December 23 – 27

[Volkov Yuriy]

"FreshForex" company wishes you a Merry Christmas!

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Dear Clients!

 

"FreshForex" company wishes you a Merry Christmas and Happy New Year! May joy and success attend you! Let your life and financial indicators only increase! And to make the holidays even more memorable, we invite you to take part in our Christmas campaign "New Year Money Bag."

 

"New year money bag” is a big drawing, which Fresh Frost prepared for you. Trade actively during ecember and gain one of three tickets to enroll the drawing of cash prizes from "FreshForex". Detailed information about the promotion conditions can be found right now on our website's "Promotions and Bonuses" section.

 

Also we suggest you to have a look at changes in holiday's schedule of "FreshForex" company.

[Volkov Yuriy]

New design of the “Fresh Forecast” pages

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Dear clients!

We are glad to inform you that we have updated design of the “Fresh Forecast” pages. You can evaluate changes and try a more convenient format of this familiar service right now by clicking on any of the six types of forecast.

 

We remind you that “Fresh Forecast” is up-to-date and fresh forecast represented in a daily and weekly format. Six types of market reviews from the best experts of “FreshForex” company will help you to be prepared for any movements of the market.

 

Choose your type of forecast and rely on it for a more profitable trading!

[Volkov Yuriy]

5 days are left to the drawing of 30 000$!

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Dear traders!

 

We are hasten to let you know that 5 days are left to the drawing of New Year money prize - 30 000$ - from “FreshForex” company!

 

Let us remind you that the company prepared unparalleled promotion for its clients - “New Year Money Bag”. Get one of three tickets to enroll money prize drawing held by “FreshForex”: 25 prizes for 300$, 5 prizes for 1500$ and one main prize – 15 000$!

Be on time to take part in the “New Year Money Bag” promo and get your happy ticket in this big New Year drawing!

 

Winning numbers of tickets will be selected on a random basis among all participants on December 30 of 2013 year at 8.00 am GMT.

 

More than 30 traders will become happy owners of money prize.

Do not miss your chance! Please learn detailed terms of the promotion.

Edited December 27, 2013 by Volkov Yuriy

[Volkov Yuriy]

Enter New Year with a reliable protection of deposit!

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Dear traders!

 

December 31 is not only the last date of the year, but also of the “Insurance against Stop Out” promo. However, Fresh Frost has prepared one more gift for traders!

By numerous requests of clients as well as in the honor of coming New Year, Fresh Frost extends a popular promotion till March 31 of 2014 year!

 

“Insurance against Stop Out” is a reliable protection of your deposit against failing trades. Just switch your account to the promo and get up to 100% from replenishment amount on the event of Stop Out.

You may always consult our support service about any question either contact your personal manager.

Please study terms of the promotion.

 

Wish you Happy coming New year and successful trading!

[NatlieFr]

Marathon of promotions goes on!

 

Dear Forum members!

 

"FreshForex" continues marathon of its promotions! This time company is glad to encourage its clients with extending its unique bonus program "33 x 3" till March 31 of 2014 year!

 

Over the next year, trade in Non-Stop format with 33% bonus for each replenishment of account and get following advantages:

33% to protection against drawdown;

33% to increase of your volume;

33% to bonus amount you can withdraw.

 

Wish you great volumes and safe curves on the road of trading in the New Year!

[Volkov Yuriy]

Weekly sketches for 3 pairs

EUR/USD

 

 

Monthly chart: ADX is close to the point "30", wherein a main trend potential of price movement starts to be manifested. Thus, taking into account a new high reached by bulls, we assume that on completion of a descending swing, Euro uptrend will go on with the same target as earlier at 1.4260.

Weekly chart: closeness of two supportive points 1.3508 and 1.3298. One of them is supposed to provide a strong demand in European currency. Any break of uptrend can only be considered below 1.3107.

Daily chart: here we see a well-formed Over&Under, thus, a main plan would be a deep rollback to 1.3298. Entrance area into sales on this setup is 1.38.

http://s2.ipicture.ru/uploads/20140109/3C25vCS7.jpg

Read more

[Volkov Yuriy]

How clients of “FreshForex” company traded in December?

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Dear traders!

 

We suggest you to learn about basic figures of December trading in "FreshForex" .

 

Of course, the main event of December was the Federal Reserve's decision on start of tapering U.S. QUE3 program. The U.S. regulator said that the US economic indicators are optimistic and now it is the right time to start minimizing stimulativemeasures. This background allowed USD to regain some positions lost as compared to its European rival. But after Christmas all positions were lost - on the "thin market" bulls actively bought EUR/USD and reached a fresh year high.

 

British currency continued to bring surprises to investors in December. Positive labor market report showed reduction of the unemployment level to 7.4% and encouraged investors to open new long positions. The UK economy continues to a confident recover and we can expect that the UK will be the first developed economy in the world, which will decide to raise discount rate2008 after the financial crisis. Positive news background pushed GBP/USD up and the British pound is very close now to its maximum for the last 3 years. Do not fall behind their colleagues and USD JPY, which also install a fresh yearly high in December.

Japan released good reports on inflation and retail, but YEN consolidation has not followed it. Its growth is constrained by the incentive program of the BoJ.

 

Below we offer you to have a look at the results of “FreshForex” clients trading in December:

 

Relation between profitable and loss-making trades:

Percentage of profitable trades exceeded percentage of loss-making trades and amounted to 68%.

 

Highest income per month:

Amounted to 3455% of deposit.

 

The most active client, number of trades per month:

The most active client conducted 16822 trades.

 

We remind that you can find the most important figures regarding company's operation in “Facts and figures” section of our web-site.

[Volkov Yuriy]

Swings of the Forex market are still in motion!

Review of the past week

 

 

The past week on the currency market was very eventful. According to its results, US dollar lost the part of its positions as compared to its main rivals. The last meeting of EuCB did not bring surprises. Monetary policy remained on the same level, regulator stated that it is still concerned with low inflation, but will not take any measures as of now.

 

 

On Friday the report on US labor market was released. Non-Farm payroll release is very controversial. Despite strong figures from ADP as well as the service index of employment from ISM, final Non-Farm was released on the point of 74 000 having demonstrated the least value for the last 2,5 years. Nevertheless, totalunemployment level is reduced by 0.3 down to the level of 6.7%. Trade week was finished by Usd/Eur by growth up to the point of 1.3668.

 

 

Great Britain reported negative macroeconomic stats. Service PMI frustrated investors having shows the least values for the last 6 years. Also, trade balance and manufacture data was negative. Further to releases, GBP/USD quotations went down, but investors promptly re-bought this decline which says about strength of ascending trend. In general, a steady growth of GBP/USD pair had been witnessed over the week.

 

 

Full attention of investors was focused on the US data. Recordings of the last FRS meeting did not bring serious changes in “bulls” and “bears” alignment. American regulator stated that it expects a gradual tapering of stimulative measures and decisions will be made based in the view of situation with the labor market and inflation. On the last trading day labor market release was published n the USA. Unemployment level got down, but Non-Farm Payrolls data poured oil into the fire. Quotations managed to grow up to the point of 105.32 and fell by 150 points then. So, trading week was closed by USD/JPY just above 104.

 

 

Forecast for the week January 13 – 17

[xshot007]

Hello, dear Forum members!

 

In this thread I am going to tell about FreshForex broker.

 

I represent “FreshForex” company and will be pleased to answer all questions of your interest. A few words about our company.

 

“FreshForex” company started its operation on the foreign exchange market in 2004 and today it is one of leading players on the Forex market in Russia and Commonwealth of Independent States (CIS). According to “Interfax”, one of the most famous research agencies in CIS, in 2012 year the company took place among Top-10 leading brokers of the Forex Market in Russia.

 

Bright “FreshForex” brand continues its fast growth, winning over international market and gaining new supporters in World traders' community. There are good reasons for that: excellent trading terms, withdrawal of funds in a matter of minutes and the best possible openness of company to every client.

 

Evaluate advantages of trading with “FreshForex”:

 

No minimum deposit

 

45 currency pairs, CFD for metals, stocks, futures

 

No commission for transactions and funding of account

 

Instant market execution from 0.1 sec.

 

Prompt funding and withdrawal of money via the most popular payment systems

 

Daily analysis and forecasts

 

Free on-line education

 

VIP service for every client

 

 

Promo actions and bonuses offered by “FreshForex”:

 

Bonus «33 х 3» +33% for each replenishment of trading account

 

Spreads in half - Highest payback of spread in Forex – up to $10 per lot

 

Stop Out Insurance - Up to 100% of replenishment amount under Stop Out

 

Double benefit - Up to 20% of interest per annum for both free and margin funds.

 

FreshForex — a fresh view on money

 

Hi..thank you for opening freshforex official thread. I hope i will gain a lot of information about your broker.

[xshot007]

Swings of the Forex market are still in motion!

Review of the past week

 

 

The past week on the currency market was very eventful. According to its results, US dollar lost the part of its positions as compared to its main rivals. The last meeting of EuCB did not bring surprises. Monetary policy remained on the same level, regulator stated that it is still concerned with low inflation, but will not take any measures as of now.

 

 

On Friday the report on US labor market was released. Non-Farm payroll release is very controversial. Despite strong figures from ADP as well as the service index of employment from ISM, final Non-Farm was released on the point of 74 000 having demonstrated the least value for the last 2,5 years. Nevertheless, totalunemployment level is reduced by 0.3 down to the level of 6.7%. Trade week was finished by Usd/Eur by growth up to the point of 1.3668.

 

 

Great Britain reported negative macroeconomic stats. Service PMI frustrated investors having shows the least values for the last 6 years. Also, trade balance and manufacture data was negative. Further to releases, GBP/USD quotations went down, but investors promptly re-bought this decline which says about strength of ascending trend. In general, a steady growth of GBP/USD pair had been witnessed over the week.

 

 

Full attention of investors was focused on the US data. Recordings of the last FRS meeting did not bring serious changes in “bulls” and “bears” alignment. American regulator stated that it expects a gradual tapering of stimulative measures and decisions will be made based in the view of situation with the labor market and inflation. On the last trading day labor market release was published n the USA. Unemployment level got down, but Non-Farm Payrolls data poured oil into the fire. Quotations managed to grow up to the point of 105.32 and fell by 150 points then. So, trading week was closed by USD/JPY just above 104.

 

 

Forecast for the week January 13 – 17

 

Thank's alot for share weekly market analysis. I think your analysis is more accurate than others.

[Volkov Yuriy]

Launch of on-line chat on the English web-site

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Dear traders!

 

Increased attention and special care of each our client has always been a main advantage of “FreshForex” support service.

We value the time of our clients and have launched on-line chat of client support service for a prompt settlement of clients' issues. Now it is even easier to contact our support service!

 

During working time of the company you can in a matter of minutes solve current issues, get advice on deposit and withdrawal matters as well as to get essential information on trading terms of the company and its promotions.*

 

To proceed with on-line chat, click the button in the upper right corner of the web-site.

[Volkov Yuriy]

USD/JPY: meeting of Bank of Japan is in the focus

Review of the past week

 

The last week on the currency market showed consolidation of the US currency against its major competitors. As German GDP data for 2013 was weak and the US inflation report was moderately positive, united European currency got under pressure. Economic growth in one of the leading European economy – Germany – demonstrates decline 3 years in succession, which one more time confirms accuracy of Mario Drahgi's expectations about a weak growth of European economy within nearest few years. A moderate growth of the US CPI and PPI increased the number of supporters of tapering of stimulative measures which will be demonstrated at the FOMC meeting on January 29. All these facts worked in favor of bears and having lost 139 points for the week Eur/Usd pair finished week's trades at the point of 1.3539.

 

GBP/USD quotations had been declining from Monday to Thursday on the background of week inflation data in Great Britain. But strong Friday's report on retails allowed “cable” to cut the distance between this currency and USD. Growth of retails in 2013 was the most significant over the last 9 years. Positive news background on the last trading day allowed British currency to close the week with minor damages on the level of 1.6423.

 

For the last week, USD/JPY currency pair added 0.3%. Japan did not publish any important macroeconomic stats. Negative background for the Japanese currency is formed by investors' s expectations regarding further tapering of stimulative measures in the USA and enhancement of quantitative softening in Japan. Any strong correction of USD/JPY pair is followed by growth of quotations which speaks for a strength of ascending trend.

[Volkov Yuriy]

Winners of the "New Year Money Bag" drawing shared the secret of success!

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Dear traders!

At New Year's eve, "FreshForex" company held a great holiday drawing of money prizes - "New Year Money Bag ". We remind that winners were chosen among all «FreshForex» clients online on the company’s website. By the results of drawing, 31 lucky traders were awarded with prizes in the range of 300 - 30 000$.

Winners kindly agreed to answer a few questions of us, and now we have a unique opportunity to read the most interesting moments of the interview, learn their experience, and, perhaps, even the secret of victory on the Forex!

Alex, winner of 30 000$:

"I did not believe that my account will win, though I hoped. To tell the truth, I am not very lucky in my life. I've been working not for long on the forex market, but have still been in plus. And the biggest success is my prize. I wish everybody to try and not be afraid to take risk. "

Alexey, winner of 1500$:

"Thank you for the promotion! I learned from "Vkontakte" social network about my victory, as I had been always monitoring it, but not often commenting on it. I recommend to participate in promotions to everyone working on the Forex market. It is a great chance to begin trading, almost without having to invest . I’m interested in new promo with Kaspersky too - my antivirus just got expired, so I plan to join it. "

Azat, winner of 300$:

"I want to share the joy of my winning in the "New Year Money Bag " drawing! I have been trading in the Forex not for the first year and set to trade with your company from June 2013. I would like to note about friendliness and professionalism of Customer support service. I like promotions held by the company as well as response speed of orders and quickness of withdrawal."

Juris, winner of 300$:

"I have very positive feelings of participation in this promotion! It is very nice to work with the company that cares about its clients. I began to trade a few years ago, but I have been cooperating with "FreshForex" recently for just over a month. I can give a good recommendation to beginners: never risk more than with 3% of capital per day. "

Nadezhda, winner of 300$:

"To tell the truth, I did not believe I could win a prize! I had learned good news even before announcement of results, when I saw the winning amount in the "credit" column of the account. I became a trader 1,5 years ago, and I've been with your company since November of last year. I like your promotions very much, especially “33x3” and “Spreads in half””

Michail, winner of 300$:

"I want to thank you for the opportunity to work in the Forex market. Of course, I have joyful and pleasant feelings, and not only because of the victory, but because company's work with clients is impeccable. I consider that «FreshForex» created all conditions for effective work. "

Virgilijus, winner of 300$:

"Honestly, I did not even know that I participated in this promotion, so the prize was unexpected. It was a real Christmas gift, and "FreshForex" played a Santa Claus role. I began working with Freshforex about 6 months ago. I like rapid withdrawal as well as "Spreads in half" promo. Since I'm a beginner, I can say only one thing to other beginners - to succeed, you need to trade and gain experience."

We thank all who took part in the drawing or who was just an observer. We wish you a good luck. Believe in yourself and don't forget to participate in our promotions. Maybe next time will be lucky for you!

[Volkov Yuriy]

Weekly review of three pairs

EUR/USD

 

Monthly chart: the pair had pushed off upper Bollinger band (1.3914) and is apparently moving in the area of medium (1.3105). Nevertheless, we will make a note of an ascending configuration of an upper band, therefore, there is a probability of buyers' attack by breaking of resistance 1.3914 and of a further growth above 41.

 

Weekly chart: growth had slowed down within the the frames of upper envelope, ADX had turned, so, possible reconfiguration within the range 1.3576-1.3907 is possible.

 

Day chart: horizontal corridor described by Bollinger bands as ADX is inactive is also an argument for a flat game inside envelopes (blue arrow is the support 1.35, 1.3824 is the resistance).

 

Conclusion: main scenario is a flat movement 1.35-1.3824. Alternatively, there can be a well-formed bullish flat corridor with support at 1.3576 and resistance at 1.3907.

http://gifok.net/images/2014/01/27/0YuqV.png

[Volkov Yuriy]

A new payment method - Skrill – is now available!

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Dear traders!

 

We are glad to inform you that deposit and withdrawal through “Skrill” payment system is now available to all “FreshForex” traders.

 

“Skrill” allows to conduct finance operations via the web without revealing card and bank details. That is precisely why using “Skrill” is not only comfortable, but is also safe. The account in “Skrill” can be easily replenished with bank card.

To be able to add and withdraw your funds with the help of “Skrill” system in “FreshForex” company, it is enough to verify your personal data in the Personal area.

 

Replenishment through “Skrill” system is free of charge. When you withdraw funds from your trading account, "Skrill" commission is charged in the rate of 1% from withdrawal amount but not more than 10 EUR. The system works in US dollars. Conversion into currency of deposit is made under the company's internal rate by the moment of transfer. If your Skrill account is opened in the currency different from USD, conversion of Skrill account currency into USD is conducted under the rate of Skrill system.

 

Check company's web-site to find details about other methods of deposit and withdrawal.

[Volkov Yuriy]

Weekly review of three pairs

EUR/USD

 

 

Monthly chart: here is an active rolldown while ADX is calm. It increases strength of a possible support for 1.3106 (Bollinger's medium band) and the probability of bullish scenario.

Weekly chart: test level is 1.3267 (bottom band). If buyers do not take active steps from there (and will get the price below specified price), their mid-range strategies will lose.

Day chart: bearish wave is developing here. Bounce from 1.3267 is a more important task for bulls than enhancement of descending front down to 1.3105.

Conclusion: main plan is to touch 1.3267 and start of euro growth in the direction of 1.3850.

 

Another option is to break support 1.3267 and even a deeper descend to 1.3105.

http://freshforex.ru/netcat_files/Image/eurusd,%20m(5).png

Learn more at freshforex.com

[Volkov Yuriy]

How exactly is ECB going to tackle inflation?

Review of the past week

 

 

The last trading week of January was marked by consolidation of US dollar against the most part of its competitors. Core event of the week was Fed's meeting where FOMC members unanimously voted for continuation of QE-3 tapering. Besides, Ben Bernanke for whom it was the last chaired meeting stated that the economy will moderately grow and the recovery of labor market is expected to continue as well. Tapering of stimulative measures is negative for all risk assets.

 

 

On Friday 31, European preliminary inflation data was released. CPI was below expectations and is based on the level of 0.7% signifying that threat of deflation for the European economy is still vital. EUR/USD has been under pressure over the entire week and closed trades at the point of 1.3486.

 

 

Great Britain published GDP for the 4rd quarter of the previous year. The index is 0.7% and such value met expectations of market players. While speaking on Jan 29, BoE governor Mark Carney confirmed the regulator's unwillingness to raise interest rate within the nearest time, even if unemployment reaches target level. FOMC's decision to cut stimulative measures for 10 bln USD from Feb 1 was negative for British currency. Following to Fed's meeting, pressure on GBP/USD grew and trading week was closed on the level of 1.6438.

 

 

According to the last week's results, Japanese yen showed a symbolic growth in 0.2%. Positive stats on retails and inflation in Japan supported yen's quotations. Decline of Nikkei 225 stock index futures also played in bulls' hand. Nevertheless, we did not witness a significant consolidation of Japanese currency. A long-term ascending trend for USD/JPY is still in effect and one can see investors opening long positions after each strong decline. Trading week finished just above 102, on the point of102.02.

 

 

Forecast for the week February 3 – 7

Edited February 4, 2014 by Volkov Yuriy

[Volkov Yuriy]

How clients of “FreshForex” company traded in January

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Dear traders!

 

The first month of 2014 year had come to the end, so it's time to summarize trading results and underline the most important events of January.

The U.S. Fed continued to taper stimulatibg program QE-3 and this fact had a negative influence on EUR/USD pair. CPI report for Europe published at the end of the month showed a decrease down to 0.7%, this way indicating the threat of deflation. Because of these negative factors, EUR/USD pair remained under pressure and finished the month at the point of 1.3486.

 

Over January British currency moderately had been decreasing against its US rival. The unemployment rate declined down to 7.1%, which encouarged "bulls" to open long positions. The situation changed after the announcement of the British regulator that there is no need to raise interest rates since unemployment rate had reached target level of 7%. Investors took this information negatively, and during remaining time of the month price had been going down. Having lost 0.85%, month's trading finished at the point of 1.6438.

 

In the first month of the year it was a decrease in quotations of USD/JPY. There was a meeting of the Bank of Japan on January 22. No change in monetary policy was declared and it disappointed "bulls" trading with this pair. Investors' leave from risky assets led to a decline on leading global stock exchanges, which was also a negative factor for growth of the pair USD/JPY. At the end of a month Japanese yen added 3.2% and finished trading at 102.02.

 

Below we offer you to have a look at the results of “FreshForex” clients trading in January:

• 596% of the deposit for the month. That's how much was earned by one of our clients using aggressive trading methods, accompanied by an enormous risk;

• 25,034 trades per month. More than 1000 trades per day was made by a trader with the help of high frequency EA.

• 63% of traders ended January with profit. This is the share of customers with deposits of $ 10,000 and above. The large deposit allows you to have a good "safety bag" and reduce your risks;

• $122,260 is the best result of January and a record amount for the company. In January especially during the Christmas holidays most traders trade reluctantly, as there is a lack of liquidity on market and the time when Central Banks only approve plans for the year. But there are those who can avail from market's uncertainty and demonstrate such results.

 

We remind that you can find the most important figures regarding company's operation in “Facts and figures” section of our web-site.

[Volkov Yuriy]

Time is ripe to sell EUR/USD

Review of the past week

 

 

Since the last week was the first week of the month, it was traditionally eventful. According to its results, EUR/USD pair consolidated for 1.1% as ECB governor was positive in his comments and labor market report in the USA was weak. Mario Drahgi continues to surprise market with his optimism. On Thursday 6, while speaking in the ECB meeting, he stated that deflation does not threat Europe now and there is no sense to apply measures to cope with it now. Investors were encouraged by this statement and EUR/USD went above 36.

 

 

On the last trading day of the week, release on the US labor market was published. January growth of Non-Farm payrolls was 113 000, which is rather below the figure of consensus-forecast. For the second month in a row, US employers are at an easy pace when it comes to hiring. This is an alarm bell for the US economy and served a background for growth of the European currency. Week's trades were closed at the point of 1.3634. In the fight of bulls and bears on GBP/USD pair there is no winner. Over the past week, Markit Economics research center had been releasing PMI for manufacture and construction as well as for the service sector. Amongst all, only construction report was a good surprise for investors wherease two other were below expectations. This negative background encouraged bears who forced quotations down to 1.6251.

 

 

Bulls also paid back in their own coin and got out the most of the weak US Non-Farm payrolls report by raising quotations above 64. Nevertheless, in the end of the week GBP/USD lost its symbolical 0.1% and finished at 1.6407.

 

 

Japanese Yen followed its upsurge in January and early February by retreat. Only the first trading day of the week was marked by its consolidation against its US rival as sales on leading global stock exchanges was going on. On Wednesday 5, the report on change in salary for December was published. The figure was above consensus-forecast which supported demand in Japanese currency in the first half of a day. Salary growth will provoke increase of expenses in the future and thus enhancement of inflation. On this background, USD/JPY dropped down to 100.77, but bears were not strong enough to get more. Then bulls joined the game who were not discouraged by weak report on the US Non-Farm payrolls in January. Having added 0.3% for the weak, trades were closed at the point of 102.35.

 

 

Forecast for the week February 10 – 14

Edited February 10, 2014 by Volkov Yuriy

[Volkov Yuriy]

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Dear traders!

 

Technical issues must not be a hindrance for your profitable trading on the Forex market.

We remind you that you can address any question and problem to "FreshForex" support service.

Our specialists work within 24 hours except for a few holidays. Contact your personal manager to solve current issues promptly and efficiently as well as to consult regarding financial operations and trading terms of the company.

 

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[Volkov Yuriy]

Weekly review of three major pairs

EUR/USD

 

 

Monthly chart: the pair is on the way to Bollinger's upper band (1.3931) and bulls do not have any potential for a further break, because ADX did not exceed "30".

 

Thus, a main strategic scenario is a bounce down from 1.3931 and movement to the area of Bollinger's medium band (1.3139).

Weekly chart: a long consolidation inside of the ascending triangle is coming to an end. In all likelihood, this accumulation will be continued this week as well, because ADX did not turn its full potential on. Support is on the middle (1.3605), resistance is on the upper band (1.38).

Conclusion: a main scenario is the flat within 1.36-1.38. Another option is the break above 1.38, movement to 1.3931 and a bounce down in the direction of 1.36.

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[Volkov Yuriy]

Upgrade of MetaTrader 4 Client Terminal

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Dear traders!

 

Today we held a scheduled upgrade of the real trading server. The goal of innovations is to extend functionality, enhance sustainability and operation speed of the MetaTrader 4 platform.

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One more innovation is the Market for MetaTrader 4 trading platform applications which was earlier available only with MetaTrader 5.

 

Please pay attention that storage structure of the data was changed. EA, libraries, logs and other useful data is now stored in a special catalog. You can find it in the “File” - “Open Data Folder” menu.

You can read about this and other innovations on the official forum of MQL4.

 

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